How do governments attempt to control foreign businesses operating within their borders? When U.S. companies do business in other countries, what issues do they face? Describe the responsibilities and ethical concerns that you feel are important for U.S. companies to consider when doing business in other countries.

The attempt of governments to control the operation of the foreign business within their borders is by creating some regulations and policies regarding the access of products and services to enter the country. The US government has created some treaties which regulate the business transactions of the US companies which run the business in other countries. A treaty defines as a contract or an agreement between two countries or more that should be certified and approved by each country’s government. The US government also has made some rules regarding the tariffs and taxes to regulate the foreign business which operating in their borders as well. The issues that might be faced by the US companies which run their business in other countries are such as legal issues (Uzialko, 2019). The US companies need to understand properly about the regulation of taxes and other import responsibilities which applied in the country that they are located in. In addition to this, the cultural barrier might also become an issue that the US companies need to tackle if they are doing business in another country. In this context, the US companies need to adjust to the culture of the country that they are located in. The reason is due to the companies will only get success if they could work along with the people who come from a different culture in that country.

Every company that extends its business internationally should not just understand the vision, mission, goals, and strategies of the company. Instead, the company needs to understand the responsibilities and ethical concerns to be considered. This also counts for US companies as well. The US companies that run the business in other countries need to understand some responsibilities and common ethical concerns which involve the working standards, outsourcing, workplace diversity, the labor rules, equal opportunity for employment, and so on. For this reason, the US companies that are run their business in other countries should really pay attention to the ethics, which are the norms that practiced in the people of that country. The US companies need to have proper knowledge about the importance of ethical behavior such as trust, mutual respect, and accountability, in order to create a collaborative work with the people in that country. The US companies also should really focus on the corporate social responsibilities which arrive from the ethical responsibilities such as being liable to the stockholders, including the workforce, and put business practices with complete revelation (Carroll, 2015).